Panasonic to Sell Smartphones Starting 2011

Panasonic Corp. (PC) will begin selling its own smartphone in Japan in 2011 and overseas in 2012.

The new phone will use the Google (GOOG) Android operating system, Reuters reported.

Panasonic stopped selling phones overseas in 2006 and is forecast…

Abercrombie & Fitch Posts Quarterly EPS of 56 Cents

Abercrombie & Fitch (ANF) reported earnings of 56 cents per share for the quarter ending Oct. 30, up from 44 cents per share a year earlier.

Net sales rose 18% to $885.8 million, including direct-to-consumer sales, the retailer said in a statemen…

Microsoft: 1 Million Kinect Gaming Systems Already Sold

In the first 10 days after its launch, Microsoft (MSFT) said that it has sold more than 1 million of its hands-free Kinect gaming systems.

The software giant is hoping that the Kinect, which plugs into an Xbox and lets you play games just by moving y…

Foreclosure Chaos Could Hurt Banks, Housing Market

Flawed foreclosure paperwork could inflict huge losses on the nation’s top banks and spread chaos through the housing market, according to a congressional report.

Accusations that major mortgage lenders including Bank of America Corp. (BAC), used fla…